USDCAD POTENTIAL LONG FORMATION IN PROGRESS

2023年5月1日

We are looking to potentially long this pair due to the following reasons listed below:

1: Higher time frames remain largely bullish
2: Key Level breakout and change in market structure from bearish to bullish
3: Trendline breakout
4: Bullish falling wedge breakout

The consider the frame on multiple time frames before we consider which direction to potentially trade.

2023年5月2日

注释

Pullback seems to be in the progress of ending on the lower time frames. We will continue to monitor so we can identify a good entry point.

2023年5月3日

订单已取消

An entry has been established. We have decided to cancel the trade as it does not meet our trading guidelines in terms of risk reward. With that being said, it is still a good trading setup

2023年5月5日

注释

Pair is officially in a consolidation. We will have to wait for a change in trend before looking for any trading opportunities.

2023年5月15日

注释

Pair has confirmed its previous bullish trending market condition. We will be looking for buys only until further notice.

2023年5月26日

注释

We need a strong enough pull back before looking for entries